Gold Rate Today:
Good news for people who are planning to buy gold. The price of gold has dropped sharply today across all Telugu states. Reports suggest that the gold rate has fallen by nearly ₹1000 per 10 grams. This sudden fall has surprised many investors and gold buyers.
In the international market, gold prices have seen a huge decline of over 6% in a single day the biggest fall since 2013. The price dropped from a record high of $4,381 per ounce to $4,082 per ounce. Experts say this sharp fall is mainly due to profit-taking by investors who had gained from the recent price rally.
Another key reason for this fall is the strengthening of the US dollar. When the dollar value rises, gold becomes more expensive for other countries, reducing demand. As a result, investors started selling their gold holdings to secure profits.
Apart from this, the easing of global tensions — especially between the US and China — has reduced the demand for gold as a safe-haven asset. With stability returning to world markets, investors are now turning toward stock markets and high-risk assets, which caused gold and silver prices to drop further.
Silver also followed the same trend as gold. It fell by nearly 7% to around $47 per ounce. Other precious metals like platinum and palladium also dropped by about 6% to 7%.
Market analysts, however, believe this fall is temporary. Such corrections are common after long rallies. They say gold still remains a strong long-term investment option, especially during uncertain global economic conditions.
Financial experts advise investors not to panic. Short-term fluctuations like these are part of the market cycle. Instead, they suggest that this is a good time for new buyers to invest, as gold is expected to rise again once the market stabilizes.
For now, gold and silver buyers can take advantage of the price dip. But experts recommend focusing on long-term investment goals rather than quick profits.
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